GOLDEN VALLEY, Minn. - As Yogi Berra said, "It's like déjà vu all over again". A recent Gallup poll finds that 59% of those surveyed were worried they won't have enough money for retirement, topping their list of financial concerns. While there are many reasons contributing to this dilemma, planning ahead will help improve your odds. Dan Ament, Financial Advisor with Morgan Stanley in Wayzata, visited KARE 11 Sunrise to discuss steps to better yourself financially.

The decline of pensions – Many employers have phased out defined benefit pension programs in favor of 401(k)s and other workplace-based retirement accounts. Personal savings have taken a dive as many people have tapped retirement savings to pay the rent or help make ends meet. And many young people seriously question whether the Social Security trust fund will be able to pay them anything by the time they retire. The once common financial legs of retirement are wobbling.

53% of households risk falling short in retirement - The latest National Retirement Risk Index from the Center for Retirement Research (CRR) at Boston College says that more than half (53%) of households risk falling more than 10% short of the retirement income they'll need to maintain their standard of living.

40% of retirees at risk of running out of money for daily needs - More than 40% of retirees are also at risk of running out of money for daily needs, out-of-pocket spending on health care or long-term care, according to the Employee Benefit Research Institute (EBRI).

25% of Americans could not come up with $2,000 in 30 days if necessary – An alarming assessment, the National Bureau of Economic Research recently concluded that nearly one-quarter of Americans could not come up with $2,000 in 30 days if necessary, and another 20% would have to pawn or sell possessions to do so. That would mean nearly half of all Americans are financially stressed.

Regardless of where you are now, invest the time to improve your future. This may include creating a budget, curtailing unnecessary spending, and finding ways to begin saving more (even if it is in small increments).

Review your investments to ensure you have a coordinated and diversified investment strategy that is appropriate for your risk tolerance and financial goals.